PPP Loan information for Michigan switchgear service, inc

$106,887

Michigan switchgear service, inc was initially approved for PPP Loan of amount $106,887, the current approved amount is $106,887. The loan was approved on 04/27/2020 by The Independent Bank reported 10 jobs and $106,887 was used to fund payroll.

Michigan switchgear service, inc is Existing or more than 2 years old

PPP Loan Search / MI / AUBURN / Michigan switchgear service, inc

MICHIGAN SWITCHGEAR SERVICE, INC

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MICHIGAN SWITCHGEAR SERVICE, INC

Borrower Address

990 W BEAVER RD

Borrower City

AUBURN

Borrower State

MI

Borrower Zip

48611-9735

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

106887.00

Current Approval Amount

106887.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77961

Servicing Lender Name

Independent Bank

Servicing Lender Address

4200 East Beltline Ave NE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49525-9783

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

AUBURN

Project County Name

BAY

Project State

MI

Project Zip

48611-9735

CD

MI-08

Jobs Reported

10

NAICS Code

332439

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

106887.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

77961

Originating Lender

Independent Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

97449.74

Forgiveness Date

12/03/2020

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